Industry Update: Pharmaceuticals
VRC is proud to release its latest Industry Report. The report provides a concise, insightful update on the Pharmaceutical industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
Read the full report: Pharmaceuticals: July 2020
July 2020 Industry Highlights
- On June 19, 2020, Merck & Co., Inc., through its subsidiary, acquired an unknown remaining stake in Themis Bioscience GmbH from a group of shareholders. Themis Bioscience will become a wholly-owned subsidiary of Merck & Co., Inc.
- On June 17, 2020, Perrigo Company Perrigo Company plc announced that it is entering the cannabidiol (CBD) market through a strategic investment ($50 million) in and long-term supply agreement with Kazmira LLC, a leading supplier of hemp-based CBD products free of tetrahydrocannabinol (THC-free) based in Watkins, Colorado.
- Read the full July 2020 Pharmaceuticals industry report.
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